Frontier Capital Management Co. LLC Purchases 25,561 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Frontier Capital Management Co. LLC lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,072 shares of the real estate investment trust's stock after purchasing an additional 25,561 shares during the period. Frontier Capital Management Co. LLC owned about 0.12% of Rexford Industrial Realty worth $10,402,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Paradigm Asset Management Co. LLC purchased a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $1,082,000. Charles Schwab Investment Management Inc. lifted its stake in Rexford Industrial Realty by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock valued at $107,587,000 after acquiring an additional 93,360 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Rexford Industrial Realty by 63.6% in the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after acquiring an additional 8,431 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in Rexford Industrial Realty by 760,280.0% in the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after acquiring an additional 38,014 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Robert W. Baird set a $43.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Barclays reduced their price objective on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $42.00.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock traded up $1.74 on Monday, hitting $35.92. The company's stock had a trading volume of 3,448,422 shares, compared to its average volume of 1,931,421. The firm has a market cap of $8.50 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $35.91 and a 200-day moving average price of $39.02. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.